Oak Hall Media Ltd - Accounts to registrar (filleted) - small 18.2
Oak Hall Media Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31 May 2020 |
| for |
| Oak Hall Media Ltd |
| Oak Hall Media Ltd (Registered number: 08074139) |
| Contents of the Financial Statements |
| For The Year Ended 31 May 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Oak Hall Media Ltd |
| Company Information |
| For The Year Ended 31 May 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 10-12 Mulberry Green |
| Old Harlow |
| Essex |
| CM17 0ET |
| Oak Hall Media Ltd (Registered number: 08074139) |
| Statement of Financial Position |
| 31 May 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on by: |
| Oak Hall Media Ltd (Registered number: 08074139) |
| Notes to the Financial Statements |
| For The Year Ended 31 May 2020 |
| 1. | STATUTORY INFORMATION |
| Oak Hall Media Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, |
| estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from |
| other sources. The estimates and associated assumptions based on historical experience and other factors that |
| are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
| estimates are recognised in the period in which the estimate is revised where the revision affects only that |
| period, or in the period of the revision and future periods where the revision affects both current and future |
| periods. |
| There are no estimates and assumptions which have had a significant risk of causing a material adjustment to |
| the carrying amount of assets and liabilities |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Financial instruments |
| The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 |
| 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments |
| The company only enters into basic financial instruments that result in the recognition of financial assets and |
| liabilities such as trade debtors and creditors. |
| Financial assets and liabilities are offset and the net amount reported in the statement of financial position when |
| there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis |
| or to realise the asset and settle the liability simultaneously. |
| Debtors |
| Short terms debtors are measured at transaction price, less any impairment. |
| Cash and cash equivalents |
| Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without |
| penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no |
| more than three months from the date of acquisition and that are readily convertible to known amounts of cash |
| with insignificant risk of change in value. |
| Creditors |
| Short term creditors are measured at the transaction price. |
| Oak Hall Media Ltd (Registered number: 08074139) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 May 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or |
| directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
| that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
| of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2019 |
| Additions |
| At 31 May 2020 |
| DEPRECIATION |
| At 1 June 2019 |
| Charge for year |
| At 31 May 2020 |
| NET BOOK VALUE |
| At 31 May 2020 |
| At 31 May 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Oak Hall Media Ltd (Registered number: 08074139) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 May 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| 8. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 10,672 | 10,836 |
| Deferred |
| tax |
| £ |
| Balance at 1 June 2019 |
| Credit to Statement of Income and Retained Earnings during year | ( |
) |
| Balance at 31 May 2020 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Share capital 1 | 1 | 1 | 1 |